HomeMy WebLinkAbout0697 20. TMt Mortgagor will not permit any other liens to be hNd against tM sad premises and if any such liens are fled. wMtMr paramount or wba•
donate to this mortgage. Mortgages will haw or cause to be had sad liens discharged immediatNy.
21. Mortgagee shall haw tM right to charge Mortgagor's account with Mortgagee to the tterest and pirttipal payable ss provided in the promissory
note as such bscornes dw in accordance therewith.
22. If tM Mortgagee requests. Mortgages hereby oovertants and agrees tMt Mortgages will turrnsh tM Mortgages arxtusUy from tM date of this
mortgage instrument. unless some other dau is agreed t0 between tM parties in writing. a certified audited Crnancial suternsnt of the Mortgagor and annual
complete operating statements of Mortgagor. tf tM Mortgagor i fiscal a calendar yeu shall not coincide with the date herein specified. then iM date which
the Mortgagee shall specify shall be txxttrollvrg. Mortgages slwll supply Mortgagee with such other financial ststemunt: as Mortgagee may from time iz, time
request
23. It is agreed that nothing herein coriuined nor any transaction related thereto tthall be construed a so operau ss to require the Mortgagor to pay
interest at a rots greater then it is now lawful in wch case to contract Mr, a to make any payment or to do any act contrary to hors that it any cbuass a
prov~swns herein contained operate Or would prospectively operate to invalidate this Mortgage Or said Note in whole or in part. then. such clauses and
prows,ons only shall be held for naught. sa though rtot hatsin contained. and tM remainder of this Mortgage shall remain operotiw and in full force and effect.
24. If sU or sny part of tM mortgaged property shall be damped or taken through condemnation (which term when used in this mortgage shall in-
clude any damage or taking by any gowmmenul authority. and any transfer by private sale in lieu tMroot), either temporonly or permanently. the entiro in-
debtedness securod hereby shall at the option of tM Mortgagee. become immediately dw and payable. The Mortgages shall bs entitled to ell compensation
awards. and other payments or relief thsro/a and is hereby authorised. at its option. to commence. appear in and prosecute. in its own or the mortgagor's
name. any action or proceeding relating t0 any Oorldemnatiorl. and to gttN Or compromise sny claim in connection therewith. All such compensation.
awards. damages, claims. rights of action and proceeds and the right thereto are hereby assigned by the Mortgagor to the Mortgages. who. after deducting
tnerefrom all its expenses, including attorney's tees. may release sny moneys so received by it without sffecung the lien of this mortgage or may apply the
same in such manner as the Mortgages shall determine, to the reduction of tIN wins secured hereby. and to any prepayment charge herein provided. end any
eaiance of such moneys then romaining shall be paid to the Mortgagor. The Mortgagor agrees to execute wch further assignments of any compensations.
awards. damages, claims. rights of action end proceeds as the Mortgagee may require
25. This mortgage shall be construed as s security preement under the Florida Unifnxm Commercial Code.
26 Other provisions: _
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